Answer:
The correct answer is: True.
Explanation:
The basic or fundamental problem in economics is people have unlimited wants and needs and the resources are limited. These limited resources have alternative uses and are used to satisfy unlimited wants and needs.
These resources are to be used rationally in such a way that total utility or consumption derived is maximized.
Answer:
Getting a work-study job
Working at an on-campus job
Explanation:
The first option that will meet Matt's needs is to get a work-study job. A work-study job is like a financial aid program available in the universities to help students out of their financial needs. Work-study job is a part-time job that will enable Matt to work while studying at the University in California. It allows Matt to engage in a part-time job for some hours a week during his free time, like 20 hours a week while he studies in school and earns some money to subsidize the cost of his studies since Matt wants to avoid paying debt once he is out of school.
A work-study job is the best option for Matt's finance position because it will provide financial assistance for the cost of his education.
The other option for Matt is to work at an on-campus job. This is almost the same as a work-study job because it is a part-time job and carried out only in his free time. It is a part-time job done by students in the university while studying to help their financial needs. The only difference with the work-study job is that the job here will only be done on campus, unlike work-study job which can be done outside the campus. Here Matt will have to get a part-time job on campus and not outside the campus.
Answer:
True
Explanation:
An activity based costing (ABC) system assigns resources to the different production activities, and then unit costs are determined by the proportion of the production activities that every unit requires.
This is a much more complex costing method than just assigning overhead costs based on direct labor hours or machine hours.
Answer:
Equilibrium Y = 462.5 , Equilibrium C = 362.5 , Equilibrium S = 100
Explanation:
- At equilibrium : Aggregate Demand = Aggregate Supply
[ AD = C + I ] = [ AS = C + S = Y ]
45 + 0.6Y + 0.05 W + 100 = Y → 45 + 0.6Y + 0.05 (800) + 100 = Y
45 + 40 + 100 + 0.6Y = Y → Y ; 185 + 0.6Y = Y
Y - 0.6Y = 185
0.4Y = 185
Y = 185 / 0.4 = 462.5
- Consumption C = 45 + 0.6Y + 0.05W
Putting Y value : C = 45 + 0.6 (462.5) + 0.05 (800) → C = 45 + 277.5 + 40
C = 362.5
- Income Y is either consumed (C) or saved (S). So, Y = C + S
Hence , S = Y - C → 462.5 - 362.5 = 100
Alternatively : As C + I = C + S
Hence, I = S
Equilibrium Savings = Given Investment = 100
